If my deductions are greater than my income and no taxes were withheld, does that mean I get nothing returned?

 

Get your taxes done using TurboTax

Not all deductions (such as Medical) count at 100%.
Anita01
New Member

Get your taxes done using TurboTax

Unless you are eligible for what are called refundable credits, basically the Earned Income credit or part of the American Opportunity credit, you can only get a return for tax withheld.  With zero withholding, no refund.  If you have a loss on your business, that loss may be partly or all deducted against any other income to reduce your tax owed

Get your taxes done using TurboTax

Just a note that you are required to claim all of your self-employment income and expenses.

Get your taxes done using TurboTax

And if you have a negative taxable income then you may have a Net Operating Loss to deal with.